Crime Today News
SBC Exports plans to spin off its wholly owned subsidiary, Mauji Trip for listing on the exchange through an initial public offering (IPO) in the current financial year.
The Board of directors approved the proposal to launch a public issue. Details and terms of issue size will be announced in the due course subject to approval, said the company.
The strategic initiative is aimed to unlock value for shareholders, strengthen the capital base of Mauji Trip and support its future growth plans.
Mauji Trip’s proposed IPO is expected to significantly enhance its brand visibility besides providing financial momentum needed to scale its operations.
The proposal is subject to the receipt of all applicable regulatory approvals and compliance with relevant laws and regulations.
Besides, tour operator services, the company has business interest in information technology and provides manpower supply and services.
The board approved re-appointment of Govind Ji Gupta as Managing Director for another term of five years, subject to shareholder approval in the ensuing Annual General Meeting.
The company recently entered into a strategic partnership with Amazon India for the listing and sale of its apparel products on the Amazon online platform.
It is also engaged in discussions with other major online retail platforms such as Flipkart, Myntra and Meesho to explore additional opportunities for listing its complete portfolio of apparel products.
Published on May 23, 2025
This article first appeared on The Hindu Business Line
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